QE gets green light but Draghi must proceed with caution

Mario Draghi can ‘do what it takes’ to save the eurozone, but must proceed with care while doing so.

This, in a nutshell, is the decision released week by the advocate general at the Court of Justice of the European Union, Pedro Cruz Villalon.

Mr Villalon was asked to deliver a legal opinion on foot of a reference to the Court from Germany’s Federal Constitutional Court.